REGISTERED NUMBER: 01239959 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Wise Handling Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

J K Watson

P S Illingworth

A D Bates

T Sutcliffe

SECRETARY:

P S Illingworth

REGISTERED OFFICE:

Haworth Road

Cullingworth

Bradford

West Yorkshire

BD13 5DU

REGISTERED NUMBER:

01239959 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

80,857

96,669

CURRENT ASSETS

Stocks

6

557,883

303,804

Debtors

7

393,168

1,012,457

Cash at bank and in hand

1,023,213

1,683,028

1,974,264

2,999,289

CREDITORS

Amounts falling due within one year

8

(1,526,606

)

(2,251,207

)

NET CURRENT ASSETS

447,658

748,082

TOTAL ASSETS LESS CURRENT LIABILITIES

528,515

844,751

CREDITORS

Amounts falling due after more than one year

9

(3,913

)

(9,783

)

PROVISIONS FOR LIABILITIES

11

-

(6,328

)

NET ASSETS

524,602

828,640

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

514,602

818,640

SHAREHOLDERS' FUNDS

524,602

828,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

J K Watson - Director

1.	STATUTORY INFORMATION

Wise Handling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life.

Freehold property

2% to 25% on cost

Plant & machinery

10% to 25% on cost

Fixtures & fittings

10% to 50% on cost

Motor vehicles

25% on cost

Computer equipment

25% to 50% on cost

Stock and work in progress

Stock and work in progress is stated at the lower of cost and net realisable value.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. In the case of work in progress, cost consists of direct materials, direct labour and attributable production overheads. The amount of work in progress has been reduced by progress payments.

Net realisable value means estimated selling price (less trade discounts) less all further costs to completion and all costs to be incurred in marketing, selling and distribution.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase commitments or finance leases are capitalised in the balance sheet and depreciated over their expected useful lives.

The interest element of the rental obligation is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as liability.

Rentals payable under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a number of defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Government grants

Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated useful life of the relevant fixed assets. The grants shown in the balance sheet as deferred credits represent the total grants receivable to date less the amounts so far credited to profits.

Research and development

Research and development is charged to the profit and loss account during the period in which it is incurred.

Investments

Listed investments are stated at market value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Fixtures

property

machinery

& fittings

£

£

£

COST

At 1 March 2024

356,157

302,728

69,636

Disposals

-

-

-

At 28 February 2025

356,157

302,728

69,636

DEPRECIATION

At 1 March 2024

285,444

295,293

67,821

Charge for year

5,871

2,053

1,815

Eliminated on disposal

-

-

-

At 28 February 2025

291,315

297,346

69,636

NET BOOK VALUE

At 28 February 2025

64,842

5,382

-

At 29 February 2024

70,713

7,435

1,815

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

50,038

165,322

943,881

Disposals

(23,335

)

-

(23,335

)

At 28 February 2025

26,703

165,322

920,546

DEPRECIATION

At 1 March 2024

34,206

164,448

847,212

Charge for year

5,862

209

15,810

Eliminated on disposal

(23,333

)

-

(23,333

)

At 28 February 2025

16,735

164,657

839,689

NET BOOK VALUE

At 28 February 2025

9,968

665

80,857

At 29 February 2024

15,832

874

96,669

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Computer

equipment

£

COST

At 1 March 2024

and 28 February 2025

45,913

DEPRECIATION

At 1 March 2024

and 28 February 2025

45,913

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

6.

STOCKS

28.2.25

29.2.24

£

£

Raw materials & consumables

143,016

122,028

Work in progress

2,026,818

1,128,792

Payments on account

(1,611,951

)

(947,016

)

557,883

303,804

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

384,939

927,700

Value added tax

-

60,605

Prepayments & accrued income

8,229

24,152

393,168

1,012,457

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

5,870

5,870

Trade creditors

215,196

380,884

Social security & other taxes

14,310

17,166

Value added tax

737

-

Other creditors

92,749

249,069

Payments on account

743,865

744,329

Regional development grant

1,443

1,749

Accrued expenses

452,436

852,140

1,526,606

2,251,207

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

3,913

9,783

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

3,913

9,783

11.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

-

6,328

Deferred

tax

£

Balance at 1 March 2024

6,328

Provided during year

(6,328

)

Transfer-profit and loss

Balance at 28 February 2025

-

12.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wise Handling Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wise Handling Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wise Handling Limited and state those matters that we have agreed to state to the Board of Directors of Wise Handling Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wise Handling Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wise Handling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wise Handling Limited. You consider that Wise Handling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wise Handling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

21 August 2025